From December 15th to 21st, the sale and jeonse prices of apartments across the country rose to a similar level of 0.30%.
As a result of a survey of the nationwide weekly apartment price trend in the third week of December (as of December 21st), the Korea Real Estate Agency increased the sale price by 0.29% and the jeonse price by 0.30%.
Week 3 The increase in apartment sales and jeonse prices was the same as in the second week.
However, the sale price of apartments in Seoul reached the highest in five months after the 3rd week of July (0.06%) increase rate immediately after the July 10 measures, due to the reported price of Gangnam 3 district.
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◆ Week 3 Trends in apartment sales prices across the country
The increase rate of apartment sales price in week 3 by city/province by region was 0.26% in Sejong, a non-metropolitan area, increasing by 0.05 percentage points from the second week (0.21%).
In the metropolitan area, 0.22%, a 0.02 percentage point increase from the second week (0.20%). Seoul maintained an increase of 0.05% following the 2nd week (0.04%), with 0.22% in Incheon and 0.31% in Gyeonggi.
The non-metropolitan area stagnated, recording 0.38%, an increase of 0.01 percentage points from 0.37% in the second week due to the decline in the rise of the five metropolitan cities. Among the non-metropolitan areas, the average rate of increase in the five metropolitan cities slowed from 0.55% to 0.48%, but the rise in eight provinces (0.24→0.27%) and Sejong City continued to expand.
Ulsan (0.62%) and Busan (0.61%) maintained a high rate of increase in apartment sales prices for the third week by metropolitan city and province, and Daegu (0.43%) Chungnam (0.42%) Gyeongnam (0.37%) Daejeon (0.36%) and Gyeonggi (0.31%) %) Gyeongbuk (0.31%) Gwangju (0.29%) Sejong (0.26%) Incheon (0.22%) Gangwon (0.19%).
The Korea Real Estate Agency analyzed that “Seoul showed a slight increase in the purchase price, mainly due to the expansion of low interest rate liquidity, the continuing effect of the decrease in the number of occupants, promotion of maintenance projects, and relatively low and mid-price complexes, and the sale price increased mainly in the major complexes in Gangnam 4 district.”
By Seoul autonomous district, the average increase rate of 14 districts in Gangbuk was 0.04%, of which Mapo-gu (0.08%) was mainly focused on popular Ahyeon-dong complexes, Gwangjin-gu (0.07%) focused on plazas and Guui-dong large complexes with good living conditions, and Nowon-gu (0.05%) was maintenance projects. I climbed mainly with the expectation of progress.
The 11 districts in Gangnam also showed an average increase rate of 0.06%. Songpa-gu (0.10%) of Gangnam’s 4 districts climbed mainly in the complex and Wirye New Town with anticipation of reconstructing Garak, Jamsil, and Bangi-dong.
Seocho-gu (0.09%) also rose mainly to mid-low-priced complexes in Bangbae, Seocho-dong and Umyeon-dong, Gangnam-gu (0.08%) was driven by the expectation of maintenance projects such as Apgujeong-dong, and Gangdong-gu (0.07%) led to major complexes in Godeok and Dunchon-dong.
In addition, Yangcheon-gu (0.04%) focused on undervalued complexes in Mok-dong and Shinwol-dong, while Dongjak-gu (0.04%) focused on the construction of Sadang-Sangdo-dong station areas and new construction in Heukseok-dong.
In the case of Incheon, Yeonsu-gu (0.38%), which showed the highest rate of increase, led the upward trend with the construction of Songdo new city and Seonhak-Dongchun-dong with good settlement conditions.
Paju-si, which also stood at 0.98% in Gyeonggi, rose mainly in areas near Unjeong New Town, and Goyang-si also recorded a high rise due to favorable traffic conditions such as the Goyang Line and station areas.
Sejong City built major complexes in Saerom and Dodam-dong and Geumnam-myeon within the Happy City, and increased the rise by focusing on low-cost complexes in Jochiwon-eup.
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◆ Weekly Apartment Charter Price Trends in Week 3
As of the 21st, the rate of increase in the nationwide weekly apartment rental price rose 0.30% from the second week ▲Seoul Metropolitan Area 0.24%→0.23% ▲Seoul 0.14%→0.14% ▲Five metropolitan cities 0.46%→0.47% ▲8 provinces 0.23%→0.24 ▲Sejong The total was 1.88% → 1.96%.
While the rise in jeonse prices in Seoul and the metropolitan area has been reduced or maintained, the region has shown a movement to expand the rise.
Jinwoo Lee, Global Economic Reporter [email protected]
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